DOW JONES NEWSWIRES

  NOVEMBER SOYBEANS  November soybeans on Friday closed higher and nearer the
session high. The bulls remain in technical command. However, seasonal factors
are bearish for beans at this time of year.

  The next upside price objective for the bean bulls is to push and close
November prices above major psychological resistance at $11.00 a bushel.

  The next downside price objective for the bears is pushing and closing prices
below major psychological support at $10.00 a bushel.

  First resistance for November soybeans is seen at last week's high of $10.49
3/4 and then at $10.60. First support is seen at Friday's low of $10.20 and
then at $10.00.

  $15.57 1/2 --- the contract high

  $9.87 3/4 --- 10-day moving average

  $9.50 1/2 --- 20-day moving average

  $9.69 3/4 --- 40-day moving average

  $6.70 
--- the contract low

  DECEMBER SOYBEAN MEAL

  December soybean meal on Friday closed higher, near the session high, and hit
a fresh five-week high. Prices also closed at a bullish weekly high close.

  The bulls have fresh upside near-term technical momentum. A fresh
three-week-old uptrend is in place on the daily bar chart.

  The next upside price objective for the bulls is to produce a close above
solid technical resistance at the June high of $341.80.

  The next downside price objective for the bears is pushing and closing prices
below solid technical support at $300.00.

  First resistance comes in at Friday's high of $320.00 and then at  $325.00.
First support is seen at $315.00 and then at Friday's low of  $311.30.

  $399.00 --- contract high

  $301.20 --- 10-day moving average

  $289.30 --- 20-day moving average

  $298.30 --- 40-day moving average

  $203.30 --- the contract low

  DECEMBER SOYBEAN OIL

  December soybean oil on Friday closed weaker and near mid-range. The bulls do
have the near-term technical advantage in soybean oil futures.

  The next  upside price objective for the bean oil bulls is pushing and
closing prices above solid technical resistance at 40.00 cents.

  Bean oil bears' next downside technical price objective is pushing and
closing prices below solid technical support at 36.00 cents.

  First resistance is seen at Friday's high of 37.98 cents and then at last
week's high of 38.46 cents. First support is  seen at 37.00 cents and then at
36.50 cents.

  70.00 --- the contract high

  36.38 --- 10-day moving average

  35.69 --- 20-day moving average

  36.00 --- 40-day moving average

  30.00 --- the contract low